Brett Smiley v3.1
@brettsmiley
Pizza enthusiast. Editor @ingamehq @casino_reports @lotterygeeks @PropsUS / [email protected] and bretts.37 at Signal
Pleased to present the first part and first iteration of a collaboration between @astraffon and @casino_reports. As everyone in the gambling space knows, Alf monitors and evaluates the state releases meticulously. Will be updated & enhanced as we go! casinoreports.com/online-casino-…
Feels like the voice of the players has been lost in the shuffle of the California's AG opinion. Thanks to three Cali-based DFS legends, @AlZeidenfeld, @ehafnerDFS, and @BobbyFi for chiming in on this piece by @brettsmiley for @InGameHQ. Link in the first reply.
So what now? @jeffedelstein takes stock of the moving parts after the release of the attorney general's opinion: ingame.com/california-dfs…
Could this impact the lawsuits facing Kalshi? @SportsLawProf looks at what it might mean: ingame.com/legal-doctrine…
The hold rate for sportsbooks climbed substantially in Q2, as financial analyst @astraffon illustrates:
Casino Reports has learned the Sen. Cortez Masto will file a bill Thursday (tomorrow) to roll back the gambling losses deduction. Per the draft bill: "Losses from wagering transactions shall be allowed only to the extent of the gains from such transactions."
For professionals facing what amounts to a nuclear threat, the concept of “session accounting” has emerged as the primary, albeit unclear, lifeline. Easy fix? Not so fast. The definition of a “session” for sports betting has yet to be determined.
Story, via @brantjames, on the Nevada representative fighting to undo the Senate's controversial maneuver: casinoreports.com/titus-promises…
This violates the constitutional right to freedom of association. Since the underlying activity - betting at a licensed NJ sportsbook - is not a criminal offense, there is no basis for this law, and should remain something operators choose whether to permit or not in their T&Cs
In other words: syndicates, staking agreements, teams of sharp bettors, proxy bettors, beards, whatever you want to call it. The people who actually move markets and keep the wheels turning? Banned.
"Under A5447, New Jersey’s Division of Gaming Enforcement is effectively being asked to enforce operator preferences — not public protections."
Read more from @jeffedelstein here: ingame.com/new-jersey-law…
On the battles with cardrooms, sweepstakes, and more, via @brettsmiley -- ingame.com/california-tri…
How she and other YouTube slot influencers built an empire. (by @brantjames) casinoreports.com/youtube-slots-…
Casino Reports has gotten a look at the proposed amendments that make up California’s bill to crack down on sweepstakes casinos. The language takes aim at all online gambling with sweepstakes prizing, including casino and sports betting operations.
From the latest episode of Low Rollers, @KaplanWords on casino AP-ing: "It's not a license to print money. Unless you're playing with [James] Grosjean. Playing with Grosjean is a little bit of a license to print money."
This week on LOW ROLLERS, @KaplanWords, author of the new book "Advantage Players," joins us for a lively (if occasionally R-rated) conversation about getting to know sharp gamblers and drawing connections between those who can beat casinos and winners in the game of life.
Why has Fanatics' IPO been delayed? “Public investors are still very discerning right now," says Avery Marquez of Renaissance Capital (@IPOtweet). "The company may be waiting to see how investors value a more similar peer. No one wants to be the guinea pig.”
Of course, the GAMBLER Act is silly -- Giving Alien Migrants Back through Lawful Excise Redistribution -- so here's a better idea for the federal excise tax on sports betting.
FLASH: The #NewYork Assembly passes Sen. Addabbo's anti-online sweepstakes casino bill by a unanimous 141-0 vote. It now heads to @GovKathyHochul for her signature.